SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WELSH PATRICK J

(Last)

(First)

(Middle)

C/O WELSH, CARSON, ANDERSON & STOWE

320 PARK AVENUE, SUITE 2500

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
SAVVIS, Inc. [ SVVS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/30/2006		A		21,473,039	A	⁽¹⁾	24,016,804⁽²⁾	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.⁽³⁾
Common Stock	06/30/2006		A		1,360,008	A	⁽¹⁾	1,748,055⁽²⁾	I	By Welsh, Carson, Anderson & Stowe VII, L.P.⁽³⁾
Common Stock	06/30/2006		A		1,814,079	A	⁽¹⁾	2,331,684⁽²⁾	I	By Welsh, Carson, Anderson & Stowe VI, L.P.⁽³⁾
Common Stock	06/30/2006		A		5,732	A	⁽¹⁾	53,862⁽²⁾	I	By WCAS Management Corporation⁽³⁾
Common Stock	06/30/2006		A		226,107	A	⁽¹⁾	230,382⁽²⁾	D⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Convertible Redeemable Preferred Stock	⁽¹⁾	06/30/2006		D			116,105	⁽¹⁾	⁽¹⁾	Common Stock	21,473,039⁽²⁾	⁽¹⁾	0	I	By Welsh, Carson, Anderson & Stowe VIII, L.P.⁽³⁾
Series A Convertible Redeemable Preferred Stock	⁽¹⁾	06/30/2006		D			7,368	⁽¹⁾	⁽¹⁾	Common Stock	1,360,008⁽²⁾	⁽¹⁾	0	I	By Welsh, Carson, Anderson & Stowe VII, L.P.⁽³⁾
Series A Convertible Redeemable Preferred Stock	⁽¹⁾	06/30/2006		D			9,828	⁽¹⁾	⁽¹⁾	Common Stock	1,814,079⁽²⁾	⁽¹⁾	0	I	By Welsh, Carson, Anderson & Stowe VI, L.P.⁽³⁾
Series A Convertible Redeemable Preferred Stock	⁽¹⁾	06/30/2006		D			31	⁽¹⁾	⁽¹⁾	Common Stock	5,732⁽²⁾	⁽¹⁾	0	I	By WCAS Management Corporation⁽³⁾
Series A Convertible Redeemable Preferred Stock	⁽¹⁾	06/30/2006		D			1,223	⁽¹⁾	⁽¹⁾	Common Stock	226,107⁽²⁾	⁽¹⁾	0	D

Explanation of Responses:

1. Pursuant to the terms of an Exchange and Recapitalization Agreement that was entered into with the Issuer on May 10, 2006 and effective on June 30, 2006, each holder of Series A Convertible Redeemable Preferred Stock exchanged all of its Series A Convertible Redeemable Preferred Stock for such number of shares of Common Stock as agreed upon therein. Such exchange was a reclassification exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-7, as well as under Rules 16b-3(d) and (e), as a transaction between the Issuer and its officers or directors. The Series A Convertible Redeemable Preferred Stock accrued dividends at the rate of 11.5% per annum, accreted quarterly. The Series A Convertible Redeemable Preferred Stock was convertible at the holder's option into such number of shares of Common Stock as was equal to the accreted value of such shares together with accrued dividends divided by the conversion price of $0.75 per share.

2. Reflects the one-for-fifteen reverse split of the Common Stock that was effective on June 6, 2006.

3. The Reporting Person is a managing member of the sole general partner of Welsh, Carson, Anderson & Stowe VIII, L.P., a general partner of the respective sole general partners of Welsh, Carson, Anderson & Stowe VII, L.P. and Welsh, Carson, Anderson & Stowe VI, L.P. and a controlling stockholder of WCAS Management Corporation. Pursuant to Instruction (4)(b)(iv) of Form 4, the Reporting Person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by each such entity. The Reporting Person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein and/or that are not actually distributed to him.

4. The Reporting Person also indirectly beneficially owns 44,517 shares of Common Stock held by WCAS Capital Partners II, L.P. The Reporting Person is a general partner of the respective general partner of such limited partnership. Pursuant to Instruction (4)(b)(iv) of Form 4, the Reporting Person has elected to report as indirectly beneficially owned the entire number of securities beneficially owned by such limited partnership. The Reporting Person disclaims beneficial ownership of any securities, and any proceeds thereof, that exceed his pecuniary interest therein and/or that are not actaully distributed to him.

Remarks:

	/s/Jonathan M. Rather, Attorney-in-Fact	07/05/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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